Collections and Loss Mitigation - Member Care Rep I

Golden 1 Credit Union•Sacramento, CA

5d•Hybrid

About The Position

We are seeking a candidate that is bilingual in English and Spanish for this role. Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values. You are a customer-focused collections professional with experience resolving delinquent accounts, negotiating payment solutions, and providing compassionate support to members. You excel at problem-solving, de-escalating challenging situations, and helping members find the best path to financial stability while maintaining compliance and service excellence. You thrive in fast-paced environments and are committed to delivering positive member experiences while protecting organizational assets.

Requirements

Bilingual in English and Spanish
H.S. Diploma or General Education Degree (GED) required
Six months to one year performing general collection duties in a collection environment required

Responsibilities

Place and receive a high volume of inbound and outbound calls in an effort to negotiate re-payment for past due and negative accounts.
Identify, investigate, and resolve delinquent and negative account activity.
Update member and credit union account information accurately and efficiently.
Demonstrate an understanding of the member’s needs, concerns, and frustrations by responding with care and concern, and an appropriate sense of urgency.
Educate members about options available to resolve their delinquency and retain and enhance member loyalty.
Communicate and interact with other Golden 1 team members to gather information for resolution of delinquent accounts.
Ability to de-escalate tense situations, looking from several points of view and applying good judgment and critical thinking to resolve the situation.
Learn and retain an exceptional working knowledge of department financial assistance programs and services.
Prepare and process documentation necessary to resolve delinquent accounts.
Review and research Credit Union records and transactions to resolve misapplied payments and transactions to ensure payments are accurately credited.
Evaluate payments (regular and irregular) being made on delinquent accounts to determine how the payment will be applied, i.e., principal, interest, escrow, and late charges, and when it is necessary to return a payment if foreclosure proceedings have been initiated or payment is unacceptable.
General knowledge of repossessions from assignment through insurance claims and deficiency balances, if warranted, and vehicle remarketing.
General knowledge of loss mitigation and potential benefits to the member and Golden 1.
General knowledge about how to obtain the member’s financial information and use it to assist and resolve the member’s delinquency.
Initiate skip tracing techniques to locate member’s or the credit union’s collateral.
Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
Compliance with credit union policies, Fair Debt Collection Practices, and other applicable rules and regulations related to Collections.
Meet and achieve established performance standards commensurate to grade level, with phone efficiency and quality in a fast-paced environment.
Maintain acceptable call quality scores as audited and measured monthly.
Complete regulatory training modules annually, as required.
Model Golden 1 Core Values.
Perform other duties as assigned.